$91.2 M

FEIM Mkt cap, 12-Dec-2018

$11 M

Frequency Electronics Revenue Q1, 2019
Frequency Electronics Gross profit (Q1, 2019)4.3 M
Frequency Electronics Gross profit margin (Q1, 2019), %38.8%
Frequency Electronics Net income (Q1, 2019)31 K
Frequency Electronics EBIT (Q1, 2019)85 K
Frequency Electronics Cash, 31-Jul-20182.6 M

Frequency Electronics Revenue

Frequency Electronics revenue was $39.41 m in FY, 2018 which is a 21.7% year over year decrease from the previous period.

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Frequency Electronics Revenue Breakdown

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Frequency Electronics revenue breakdown by business segment: 36.2% from FEI-Zyfer and 63.8% from FEI-NY

Frequency Electronics Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

71.6m76.6m55.4m50.4m39.4m

Revenue growth, %

7%(28%)(9%)(22%)

Cost of goods sold

46.8m53.0m36.1m39.1m34.2m

Gross profit

24.8m23.5m19.3m11.2m5.2m

Gross profit Margin, %

35%31%35%22%13%

R&D expense

5.8m5.7m5.4m6.9m7.0m

General and administrative expense

14.1m14.2m11.4m11.9m10.6m

Operating expense total

19.9m19.9m16.8m18.8m17.6m

EBIT

4.9m3.7m2.5m(7.5m)(12.4m)

EBIT margin, %

7%5%4%(15%)(31%)

Interest expense

156.0k139.0k131.0k150.0k79.0k

Investment income

1.0m490.0k549.0k1.3m

Pre tax profit

6.3m4.5m3.3m(7.0m)(11.3m)

Income tax expense

2.3m1.7m1.1m(2.1m)11.2m

Net Income

4.0m2.8m1.0m(4.8m)(23.8m)

Frequency Electronics Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

7.7m7.2m5.8m2.2m7.9m

Accounts Receivable

9.7m7.2m11.0m4.3m

Prepaid Expenses

1.3m1.1m1.1m1.1m

Inventories

41.2m38.2m36.3m29.1m26.2m

Current Assets

87.9m83.6m85.9m69.9m52.1m

PP&E

11.2m12.7m12.3m14.8m14.1m

Goodwill

617.0k617.0k617.0k617.0k

Total Assets

119.5m117.8m122.2m113.3m83.6m

Accounts Payable

2.3m1.7m3.2m2.4m1.8m

Current Liabilities

9.7m8.4m10.3m8.1m5.3m

Long-term debt

6.0m6.0m

Total Debt

6.0m6.0m

Total Liabilities

31.1m26.0m28.8m24.0m20.3m

Common Stock

9.2m9.2m9.2m9.2m

Additional Paid-in Capital

53.2m54.4m55.6m55.8m56.4m

Retained Earnings

24.7m27.5m28.5m23.7m(65.0k)

Total Equity

88.3m91.8m93.4m89.3m63.3m

Debt to Equity Ratio

0.1 x0.1 x

Debt to Assets Ratio

0.1 x0 x

Financial Leverage

1.4 x1.3 x1.3 x1.3 x1.3 x

Quarterly

USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

5.1m4.5m6.4m6.1m5.9m4.1m7.1m4.0m4.1m3.1m10.9m11.0m7.0m2.6m

Accounts Receivable

14.7m12.9m12.2m10.0m12.5m9.2m9.5m9.2m7.6m8.1m7.1m7.8m6.5m

Prepaid Expenses

1.2m1.3m2.1m1.2m1.3m1.1m1.2m1.2m1.2m890.0k1.2m1.1m1.2m

Inventories

40.7m42.8m41.3m41.0m39.1m38.8m40.7m42.6m41.8m41.2m30.5m31.2m25.9m26.3m

Current Assets

84.0m92.1m90.2m87.3m84.4m83.9m85.1m84.7m81.8m75.7m70.5m69.5m62.8m52.1m

PP&E

12.0m13.2m13.1m12.7m12.8m12.4m13.4m14.1m14.8m14.6m14.3m13.9m14.0m

Goodwill

667.0k644.0k621.0k617.0k617.0k617.0k617.0k617.0k614.0k617.0k617.0k617.0k617.0k

Total Assets

114.0m124.5m124.0m120.8m119.1m118.8m119.8m120.5m118.3m112.8m114.1m112.7m104.3m83.5m

Accounts Payable

1.4m3.3m3.8m3.5m883.0k1.2m2.4m4.0m2.4m2.5m2.7m2.7m2.9m1.3m

Short-term debt

280.0k

Current Liabilities

6.8m11.0m10.3m9.1m7.8m7.1m8.6m9.1m6.7m6.4m8.1m7.6m8.9m4.4m

Long-term debt

12.4m11.4m8.4m6.0m6.0m6.0m6.0m6.0m

Total Debt

12.4m11.4m8.4m6.0m6.0m6.0m6.0m6.3m

Total Liabilities

28.2m34.8m33.1m29.1m25.6m25.0m26.6m27.9m25.5m19.7m24.2m23.8m25.7m19.6m

Common Stock

9.2m9.2m9.2m9.2m9.2m9.2m9.2m9.2m9.2m9.2m9.2m9.2m9.2m

Additional Paid-in Capital

52.6m53.5m53.9m54.2m54.7m55.0m55.2m55.8m56.0m56.2m56.0m56.1m56.3m56.6m

Retained Earnings

22.7m25.4m26.7m27.6m28.4m28.4m28.6m27.8m26.8m27.1m24.3m22.8m12.4m449.0k

Total Equity

85.9m89.8m90.9m91.7m93.5m93.8m93.2m92.7m92.7m93.1m89.9m88.9m78.7m64.0m

Debt to Equity Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0 x0.1 x

Financial Leverage

1.3 x1.4 x1.4 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.2 x1.3 x1.3 x1.3 x1.3 x

Frequency Electronics Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

4.0m2.8m1.0m(4.8m)(23.8m)

Depreciation and Amortization

2.5m2.9m2.5m2.6m2.5m

Accounts Receivable

(1.6m)(3.2m)(911.0k)(3.6m)5.9m

Inventories

(3.1m)1.3m(3.7m)2.2m(2.1m)

Accounts Payable

25.0k1.2m(746.0k)379.0k

Cash From Operating Activities

3.6m1.9m2.9m3.9m4.5m

Purchases of PP&E

(4.2m)(3.3m)(5.2m)(1.4m)

Cash From Investing Activities

(3.6m)1.2m(3.5m)(1.5m)341.0k

Short-term Borrowings

(4.1m)(6.0m)

Cash From Financing Activities

4.3m(3.9m)141.0k(6.7m)

Net Change in Cash

(476.0k)(1.1m)(3.3m)5.1m

Interest Paid

153.0k140.0k128.0k146.0k79.0k

Income Taxes Paid

1.7m1.9m1.3m335.0k325.0k

Free Cash Flow

(1.8m)

Quarterly

USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

2.1m719.0k1.3m878.0k891.0k822.0k1.1m(706.0k)(1.7m)(1.4m)614.0k(867.0k)(11.3m)31.0k

Cash From Operating Activities

(2.5m)(5.6m)(2.5m)(791.0k)(1.8m)(2.9m)2.0m(571.0k)(2.5m)2.6m3.2m2.8m4.0m(3.6m)

Purchases of PP&E

(1.2m)(3.1m)(3.6m)(606.0k)(1.3m)1.6m(1.1m)(2.4m)(3.8m)(450.0k)(883.0k)(1.0m)(483.0k)

Cash From Investing Activities

(1.1m)59.0k(408.0k)608.0k(65.0k)(767.0k)(1.8m)(1.1m)(1.4m)53.0k5.8m5.6m440.0k(1.5m)

Short-term Borrowings

(6.3m)

Cash From Financing Activities

4.2m2.3m1.3m(1.7m)8.0k9.0k8.0k1.0k305.0k(6.0m)1.0k1.0k1.0k

Net Change in Cash

(3.3m)(1.6m)(1.8m)(1.3m)(3.1m)(143.0k)(2.1m)(2.0m)(3.0m)9.3m9.1m5.2m(5.2m)

Interest Paid

87.0k34.0k82.0k114.0k24.0k56.0k93.0k38.0k76.0k115.0k17.0k41.0k61.0k18.0k

Income Taxes Paid

1.3m41.0k490.0k1.7m230.0k230.0k1.2m70.0k335.0k335.0k325.0k325.0k

Frequency Electronics Ratios

USDY, 2018

Financial Leverage

1.3 x
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Frequency Electronics Operating Metrics

Frequency Electronics's Backlog was reported to be $30m in FY, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018

Backlog

$37 m$27 m$23 m$22 m$32 m$36 m$39 m$42 m$28 m$23 m$21 m$16 m$30 m

Locations

6 6 4 4
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Frequency Electronics Employee Rating

2.815 votes
Culture & Values
3.1
Work/Life Balance
2.9
Senior Management
2.5
Salary & Benefits
2.9
Career Opportunities
2.5
Source